report and valuation - national property valuers...please note: the valuer’s liability is limited...

Liability limited by a scheme approved

under Professional Standards Legislation.

REPORT AND VALUATION

OF

6 Anywhere Vista

Pleasantville

Australia

REQUESTED BY: Mr John Smith

DATE OF VALUATION: 29 June 2020

OUR REFERENCE: X22222

EXECUTIVE SUMMARY PROPERTY ADDRESS: 6 ANYWHERE VISTA, PLEASANTVILLE

VALUATION FOR: MR JOHN SMITH

PURPOSE OF VALUATION: CURRENT MARKET VALUE FOR PRE-SALE ADVICE

TITLE PARTICULARS: THE CURRENT CERTIFICATE OF TITLE HAS NOT BEEN SEARCHED, HOWEVER, WE

HAVE OBTAINED SOME TITLE DETAILS FROM PRICE FINDER WITH THE LAND

BEING DESCRIBED AS LOT 1421 ON PLAN 52986 CONTAINED IN CERTIFICATE OF

TITLE VOLUME 2678 FOLIO 879.

THE REGISTERED PROPRIETOR AS INDICATED BY PRICE FINDER IS MR JOHN

SMITH.

NOTE THE SUBJECT PROPERTY HAS BEEN VALUED ON THE BASIS OF AN

ENCUMBRANCE FREE TITLE.

LOT AREA: 304 SQUARE METRES

DESCRIPTION OF IMPROVEMENTS: A THREE LEVEL LIMESTONE AND TILE RESIDENCE WITH THREE BEDROOMS AND

TWO BATHROOMS BUILT C1994.

DATE OF INSPECTION AND VALUATION: 29 JUNE 2020

INTEREST BEING VALUED: Market Value, as per the International Valuation Standards is defined as: “The estimated

amount for which a property should exchange on the date of valuation between an

educated buyer and a reasonably motivated seller in an arms-length transaction after

proper marketing wherein the parties had each acted knowledgeably, prudently, and

without undue influence. This valuation is arrived at on the basis of:

• An orderly marketing campaign in the open market rather than a forced sale.

• A willing buyer, willing seller.

• Values remaining constant throughout the marketing period.

• Consideration has not been given to an additional bid/offer by a special purchaser.

In arriving at our valuation we have considered:

• The location of the property.

• Sales evidence.

• The highest and best use of the land.

• The replacement cost of the land and buildings (if applicable).

• The Offer and Acceptance document (if applicable).

Likely subdivisional and development costs (if applicable).

ASSUMPTIONS, DISCLAIMERS, LIMITATIONS &

QUALIFICATIONS:

All data provided in this Certificate is wholly reliant on and must be read in conjunction with the information provided in

the attached report. It is a synopsis only designed to provide a brief overview and must not be acted on in isolation.

This valuation report is provided subject to the assumptions, qualifications, limitations and disclaimers detailed

throughout this report which are made in conjunction with those included within this report. Reliance on this report

and extension of our liability is conditional upon the reader’s acknowledgement and understanding of these statements.

This valuation is for the use only of the party to whom it is addressed and for no other purpose. No responsibility is

accepted to any third party who may use or rely on the whole or any part of the content of this valuation. The valuer

has no pecuniary interest that would conflict with the proper valuation of the property.

The undermentioned assessment represents the market value including chattels of the fee simple of the property:-

VALUATION:

One Million Three Hundred and Ten Thousand Dollars Only $1,310,000.00

Please note: The valuer’s liability is limited in respect of this valuation. Neither the valuer, nor National Property Valuers has any pecuniary interest in this property. In conclusion, this report has been

prepared for the confidential use of the party to whom it is addressed for the specific purposes to which it refers. No responsibility is accepted to any third party and neither the whole of the report nor any

part or reference thereto may be published in any document, statement or circular nor in any communication with third parties without prior written approval from the writer.

………………………………………………………..

MAX NEVERMANN, AAPI CERTIFIED PRACTISING VALUER

LICENSED VALUER No 488 IN THE STATE OF WESTERN

AUSTRALIA

NATIONAL PROPERTY VALUERS ISSUE DATE:

OUR REF:

X22222

Valuation of 6 Anywhere Vista, Pleasantville

For Mr John Smith

As At 29 June 2020

Pa

ge3

LAND DETAILS:

Shape and Area: The subject property comprises a slightly irregular shaped allotment with an easterly

frontage to Anywhere Vista of 12.2 metres, a southern boundary depth of 34.3 metres, a

rear western boundary depth of 12.2 metres, a side northern boundary depth of 34.3

metres and a total land area of 304 square metres.

Topography and Site

Drainage:

The land is generally level with Anywhere Vista, across its width and depth, having sandy

surface soils that appear to provide adequate natural drainage.

Facilities: GPO 2 kilometres Transport 1 kilometre

Shops 2 kilometres School 1 kilometre

LOCATION/NEIGHBOURHOOD:

The subject property is located in Pleasantville, approximately 2 kilometres from the Perth

CBD. Access into the Perth CBD is via Somewhere Drive and Thoroughfare Road with an

off-peak journey time of approximately 5.

More specifically, the property is located on the southern side of Anywhere Vista and

surrounding development comprises similar single residential housing.

Source: Googlemaps

ZONING:

Local Authority: City of Pleasantville

Zoning: Residential R40

Highest and Best Use: Theoretically and practically as onelot and a single residence.

ROAD

Surface: Bitumen sealed with concrete kerbing.

SERVICES AVAILABLE:

Scheme Water, Under Ground Electricity, Telephone, Gas, Deep Sewer.


For Mr John Smith

As At 29 June 2020

Pa

ge4

DESCRIPTION OF IMPROVEMENTS:

Type: House

Age: Built circa 1994

Style: Contemporary three storey

CONSTRUCTION:

Footings and Floor: Concrete External Walls: Rendered brick

Roof: Steel Internal Walls: Plastered brick

Ceiling: Gyprock Window Frames: Aluminium

AREA (approx):

Living Area: Reported as: 282.59 square metres

Garage: 43.57 square metres

Patio: 65.55 square metres

ACCOMMODATION PROVIDED:

The subject property comprises portico, entry, passage, three bedrooms, fourth bedroom /

study, sunken home theatre, family / living / meals, bathroom, powder room, laundry,

ensuite, 3x w/c’s.

FIXTURES AND FITTINGS:

Kitchen: Double bowl stainless steel sink, under bench electric oven, five burner hot plates with

stainless steel exhaust over, dishwasher, microwave, step-in pantry, ample bench and

appliance cupboards, quartz stone bench top. Above average standard and presentation.

Bathroom: Single three door vanity unit, wall mirror, bath, shower recess with frameless glass screen

and pivot door, porcelain floor and wall tiles to half height. Well above average standard

and presentation.

Ensuite: Double vanity unit with four doors and three drawers, large mirror, raised oval spa bath,

shower recess with frameless glass screen and pivot door, separate low level toilet suite,

porcelain floor and wall tiles to half height. Well above average standard and presentation.

Powder Room: Low level toilet suite, hand basin, wall mirror, ceramic floor and skirting tiles.

Laundry: Single stainless steel trough with four bench cupboards under, provision washing machine

and dryer, ceramic floor and wall tiles to half height.

HWS: Temperature monitored instantaneous gas.

APPEARANCE AND PRESENTATION:

External Appeal: Above average

Internal: Well above average standard throughout, with well-co-ordinated interior décor, above

average standard of fixtures and fittings with many features.

External Painting: Good

Internal Painting: Good

Interior Layout: Functional, providing a good standard of family accommodation


For Mr John Smith

As At 29 June 2020

Pa

ge5

ANCILLARY IMPROVEMENTS & CONDITION:

Fencing: Large profile steel sheet to sides and rear.

Paving: Double width brick paved driveway and crossover. Concrete paved side pathways.

Lawns and Gardens: Neatly landscaped and reticulated from the mains all round. The rear lawns are artificial

turf.

Outbuildings: • Outdoor kitchen with exposed aggregate paving

• Alfresco with exposed aggregate paving

• Water feature to outdoor kitchen area

SPECIAL FEATURES:

� Marri flooring throughout living areas

� Vaulted ceiling to main bedroom

� Split system air conditioner to main bedroom

� Raked ceiling over family area

� Cedar tongue and groove lining to ceiling of alfresco and outdoor kitchen area

� Eaves to rear elevation are tongue and groove timber lined

� Rear garage access via a roller door

� Recessed ceiling and circumference down lighting to theatre

� External night lighting to front façade

MINOR NECESSARY REPAIRS & NEGATIVE FEATURES OF THE PROPERTY:

� Appears nil and in good state of repair

NB - The valuer is not a building construction and/or structural expert and this report is not a building construction

or structural survey report. It is recommended that advice be sought from suitably qualified experts in respect of

building construction and/or structural issues. Accordingly, no responsibility can be accepted by the valuer in

relation to building construction or structural issues.

The valuation assumes the improvements comply with the requirements of the relevant authorities and are

structurally sound unless otherwise stated. Should the subject improvements be found to be in breach of any

building codes or any improvements to the site being later determined to be structurally unsound, the valuer

should be consulted and the right is reserved to review this valuation accordingly.


For Mr John Smith

As At 29 June 2020

Pa

ge6

HIGH RISK FLOOD OR LANDSLIP AREA:

The subject property does not appear to be situated in a high risk flood or landslip area.

(see Valuation Disclaimers, Assumptions, Limitations and Qualifications below).

MARKETABILITY (based on a selling period of three months):

Average in a soft market.

Market Commentary

A fall in population growth and a subsequent rise in properties 'For sale' point to a changing market in

2015, according to REIWA President David Airey. Mr Airey said consumer sentiment was weak and

despite very low interest rates, first home buyers were dropping away and home owners were moving

less frequently than they once did. “Sales turnover has been sluggish for the last few months, but did rally

in November. It might pick up again in the New Year, in March of this year we reached a median house

price of $550,000, but that appears to be the peak and we are not likely to reach that figure in 2015 on

present indicators,” Mr Airey said.

The downturn of jobs in the mining and construction sector have impacted rental listings, which are sitting

significantly above average with more than 6000 available, according to reiwa.com data.“It’s likely to stay

that way for some months. A large supply of new units and apartments is also expected to come onto the

market across Perth, which will be attractive to many first home buyers and downsizers who want to live

closer to the city and its amenities,” Mr Airey said.

For buyers and tenants, 2015 will present good opportunities with competition in the market likely to

provide greater choice and improve affordability.

“In this sense, 2015 is looking quite exciting. It genuinely will be a good time to buy, whether you are a

first timer, upgrader or downsizer.“The flip-side of all this means that next year will be more challenging

for sellers and landlords. It will be more important than ever that they consult with their selling agents

and property managers to agree on the right marketing strategies and fix on the most appropriate asking

price or weekly rent, adjusted for changing conditions,” Mr Airey said.

Source: REIWA

VALUATION APPROACHES UTILISED:

Comparable sales.

PURPOSE OF VALUATION:

Current market value for Pre-Sale Advicepurposes.


For Mr John Smith

As At 29 June 2020

Pa

ge7

GENERAL COMMENTS:

The subject property comprises a slightly irregular shaped residential site, widening to the rear, having an

easterly aspect to a quiet residential street. The lot is relatively large for this locality, being some 304

square metres in size.

Constructed on the land in 1994 is a three bedroom, two bathroom residence, with a double garage. The

home is well above average standard for this locality, with many features and is finished to a high

standard, being of first class presentation.

In providing our assessment for the subject property, regard has been given to the following relevant

factors:

• The location of the property and the surrounding land uses;

• The area of the land, its configuration and topographical features;

• The zoning of the land;

• The availability of utility services;

• The age, construction and condition of the improvements;

• The functional design and utility of the improvements;

• The available comparable sales evidence within reasonable proximity; and

• The general state of the residential real estate market today, with particular regard to the

demand which exists for residential premises of this nature within this locality.

As is normal for residential properties of this nature, greatest emphasis has been given to the direct sales

comparison approach to determine a current fair, market value. The most recent, relevant sales upon

which our valuation is based are detailed below.

VALUATION:

Accordingly we have assessed the current market value of the property known as 6 Anywhere Vista,

Pleasantville and as described herein, as at 29 June 2020, subject to an unencumbered fee simple title,

exclusive of GST, in the sum of:

$1,310,000

(One Million Three Hundred And Ten Thousand Dollars Only)


For Mr John Smith

As At 29 June 2020

Pa

ge8

VALUATION ASSUMPTIONS, DISCLAIMERS, LIMITATIONS AND QUALIFICATIONS:

Our Investigations:

This valuation is conducted on the basis that we are not engaged to carry out all possible investigations in relation to the property. We

have identified certain limitations to our investigations to enable you to instruct further investigations if you consider this appropriate.

National Property Valuers is not liable for any loss occasioned by a decision not to instruct further investigations.

Assumptions:

Assumptions are a necessary part of this valuation. National Property Valuers adopts assumptions because some matters are not

capable of accurate calculation, or fall outside the scope of our expertise, or our instructions. The risk that any of the assumptions adopted

in this document may be incorrect should be taken into account. National Property Valuers does not warrant or represent that the

assumptions on which this valuation is based, are accurate or correct.

Information Supplied by Others:

This document contains a significant volume of information which is directly derived from other sources, without verification by us

including, but not limited to planning documents, building surveys and environmental or other expert reports. We confirm that we are not

instructed to verify that information. Further the information is not adopted by National Property Valuers as our own, even where it is used

in our calculations. Where the content of this document has been derived, in whole or in part, from sources other than National Property

Valuers, National Property Valuers does not warrant or represent that such information is accurate or correct.

Major Defects Observed/Structural Survey

We must emphasise that we have not, nor have we been asked to undertake a structural survey and as a consequence we are unable to

certify the improvements free from rot, defect or infestation of any kind. The valuer is not a building construction and/or structural expert

and this report is not a building construction or structural survey report. It is recommended that advice be sought from other experts in

respect of building construction/structural issues related to the improvements located on the property. However, from our inspection, we

were not aware of any major structural faults. Comments are made if termites (“white ants”) or evidence of their activity are observed.

However we recommend that a current pest inspection and certificate be obtained to ensure the property is free of termites, vermin, etc.

Improvements

This valuation assumes the improvements comply with the requirements of the relevant authorities and have received the necessary

approvals, unless otherwise stated. It is recommended that the party/s requesting this report do their own due diligence to ascertain

whether or not the necessary approvals have been obtained. Should the improvements be found to be in breach the valuer should be

consulted and the right is reserved to alter the value accordingly.

Aboriginal Site Claims, Heritage Or Cultural Listings

To the best of our knowledge it is unlikely the subject site would be affected by any of the above. For the purpose of this valuation, we

have assumed the property is unaffected. We must emphasise we have not, nor have we been requested to undertake a survey or make

enquiries in relation to these matters and, as a consequence, we are unable to guarantee or certify that the value of the subject property

would be affected by the above factors. Should subsequent advice indicate the subject property is affected by any of the above, we reserve

the right to reassess our valuation.

Soil Or Asbestos Contamination and/or Other Environmental Hazards

By commencement of the Contaminated Sites Act 2003, a Public Register is now kept in Western Australia of land that has been identified

as having past or current site contamination. We have not undertaken a Contaminated Sites Register search and cannot confirm whether or

not the land is classified as a site with any past or current contamination issues. We do not accept any responsibility or liability whatsoever

if the site is contaminated. In addition, no soil tests or environmental studies or ‘Asbestos Materials Report’ have been made available for

our perusal. Therefore, our valuation has been assessed on the basis that there are no surface or sub-surface soil problems including

instability, toxic or hazardous wastes, toxic mould, asbestos or hazardous building material in or on the property that would adversely affect

its existing or potential use and/or reduce its marketability. Should any form of site contamination be known or discovered, we reserve the

right to review this valuation.

It should be noted that an ‘Asbestos Materials Report’ has not been undertaken. Should any such matters be known or discovered no

reliance should be placed on our assessment of value unless we have been advised of these matters and we have confirmed that our

assessment is not affected.

While comment is made on readily noticeable environmental hazards or contaminations issues. Valuers are not expert in such matters. Any

party relying on this report should make their own judgement in relation to these matters and seek appropriate expert advice from a

suitably qualified environmental consultant if they consider it necessary.

We are advised by the manufacturers of Hardie’s Fibre Cement Products that asbestos was phased out of their flat sheeting line (Hardiflex,

Villa-Board, Hardiplank, etc) as from the corrugated fencing and roofing products as from 1985.

White Ant Certificate

We advise that we are not experts in white ant damage or infestation and we therefore recommend that a White Ant Certificate be

obtained. However, during our inspection we did not note any signs of white ant infestation. Should it be later revealed that the subject

property has been or is currently affected by termite or other insect infestation; we reserve the right to review this valuation.

Market Movement Clause

This valuation is current as at the date of valuation only. The value assessed herein may change significantly and unexpectedly over a

relatively short period (including as a result of general market movements or factors specific to the particular property). We do not accept

liability for losses arising from such subsequent changes in value. Without limiting the generality of the above comment, we do not assume

any responsibility or accept any liability where this valuation is relied upon after the expiration of 3 months from the date of the valuation,

or such earlier date if you become aware of any factors that have any effect on the valuation.


For Mr John Smith

As At 29 June 2020

Pa

ge9

Lending Disclaimer

This valuation is prepared on the assumption that the Lender who relies on this valuation report (and no other) has complied with

its own prudential lending guidelines, as well as prudent finance industry lending practices. The guidelines must include the following

and the lender must have considered all Prudent aspects of credit risk for any potential borrower, including the borrower’s ability to

service and repay any mortgage loan. Further, the valuation is prepared on the assumption that the lender is providing mortgage

financing using a conservative and prudent loan-to-valuation ratio (LVR). The valuer accepts no liability whatsoever if prudent lending

practices fail to be strictly observed and/or if the lender relies solely on this valuation to advance loan funds.

Strata Titled Properties

Where the subject property is a Strata Title the property is valued together with a share in any common property as set out on the

Strata Plan. Also, where the subject property is a Strata or Community Title the market value of the unit is assessed without knowledge

of any order against the Body Corporate and without the benefit of a search of the Body Corporate records or sighting of the

corporation By-Laws and on the assumption that there are no such matters which may have an adverse effect on the value and

marketability of the subject strata title unit. Any matter or matters having adverse effect on the value or the marketability of the

property which is or are revealed by a search of the body corporate records should be referred to the valuer for comment and possible

amendment of the valuation.

Legal Details, Lot Details, Ownership And Sales Data

This valuation relies on information supplied to National Property Valuers by the Government’s Department of Land Administration

through a private supplier and we reserve the right to amend our report should this information prove incorrect. Further, in relation to

sales evidence, we have not made a physical internal inspection of these properties and have had to rely on the information provided

by the selling agent and/or the Valuer Generals summary of sales data supplied via RP Data and/or other electronic databases.

Town Planning

This information is obtained from informal enquiries. If written definition is required it is suggested that you contact the Local

Authority. It should be noted that Local Authorities will not confirm the redevelopment potential of a property without a Development

Application being lodged. It is incumbent on the client(s) to ensure that such an application is lodged as a condition of, or prior to

making an offer to purchase or undertake any financial transaction purely upon the basis of the property’s zoning, in the hope that their

Development Application is approved at a later time. If the property is reserved for a public purpose under the Metropolitan Regional

Planning Scheme it may be necessary to apply for a Clause 42 Certificate from the Ministry of Planning and Infrastructure.

GST Implications

Unless otherwise stated, all valuation figures supplied in this report are GST exclusive. A Goods and Services Tax (GST) applies to

most types of property transactions, the extent of which depends on whether the property is being used for residential,

commercial/residential, commercial use. (In addition to a number of other related criteria).

The GST under a standard contract is liable at the date of settlement. Due to the nature of the workings of the tax, the purchaser must

pay GST requirements and therefore. GST should be included in the sale price amount.

Residential property that is newly constructed and sold after the 1st of July, 2000 attracts a Goods and Services Tax. A tax will not be

applicable during the sale of an existing residential property sold after the 1st of July. Any property having undergone extensive

renovations after the 2nd

of December 1998 also attracts a Goods and Services Tax. A tax will not be applicable during the sale of an

existing residential property sold after the 1st of July.

We must state that we are not experts in the area of taxation and appropriate professional advice should be sought in relation to

taxation and GST.

Services

Enquiries have been made to the various authorities to ascertain availability and connection of services. Plans of sewerage or

drainage systems have not been sought and it may be considered necessary to apply to the Water Authority for location of service lines

that may affect future extension or the siting of a swimming pool.

Survey

The valuer has endeavoured to visually identify the land boundaries and verify dimensions; however, he is not a surveyor. So where

there is a doubt about the precise position of the structures it is recommended that you contact a Licensed Surveyor.

Due Diligence

Our report is not a recommendation and does not contain all of the information required for a proper evaluation of the proposed

transaction. It is incumbent upon our client(s) to do their own due diligence, seek professional advice and rely solely on their own

assessment before entering into a transaction. National Property Valuers’ role as an adviser is limited to certain specific areas of

expertise.

Fixtures and Fittings

Appurtenances affixed to structures or land, usually in such manner that they cannot be independently moved without damage to

themselves or the property housing, supporting or pertinent to them. These would include items such as stoves, installed dishwashers,

hot water heaters etc.

Chattels

A chattel is a moveable item eg laid carpets, curtains/drapes, television aerials, light fittings, screens etc. The standard of chattels

which would transfer with the property in a sale situation was noted at our inspection. Their fair added value is included in the

valuation figure. Specific items of sale, however, should be clarified with the vendor or vendor’s agent.


For Mr John Smith

As At 29 June 2020

Pa

ge1

0

Sketch Plan/Photographs

Where a sketched plan is attached to this report, it does not purport to represent accurate architectural plans. Sketch plans and

photographs are provided as general illustrations only.

Building Size

Building sizes provided are external measurements only. If the property is strata titled, we adopt areas as recorded on the Strata

Plan.

Sales Evidence

Details relating to the sales considered most comparable from the available evidence are included in the report. Unless otherwise

stated, this valuation is based on the sales evidence. Details in relation to size of improvements for sales quoted are generally based on

visual estimates, or information provided from external sources. As is the standard practice, these improvements have not been

physically measured by the valuer.

Recommendations

The valuation is based on experience and an interpretation of facts as outlined in this report. It is emphasised that fair market levels

are established by prudent vendors and purchasers who are willing but not over anxious parties. The advice, which is based on

established evidence, is offered to assist you in your careful examination of value.

Encumbrances

Where the valuer has examined a copy of the Certificate of Title, encumbrances thereon are noted. Where necessary the relevant

authority has been contacted to ascertain restrictions or current proposals that may affect this property. Where this has not been

done, we reserve the right to reassess our valuation, should the encumbrance be considered to have a deleterious effect on the value

property. Unless otherwise stated, this valuation is on the basis of an encumbrance free Certificate of Title (inclusive of encumbrances

which are noted on and run with the property).

Financial Information

Any financial information is based on unaudited or management accounts and may differ from what is subsequently shown when

audited accounts are available.

Extent of Liability

Our report is prepared for the confidential use of the party to whom it is addressed for the specific purposes to which it refers. No

responsibility is accepted to any third party and neither the whole of the report nor any part or reference thereto may be published in

any document, statement or circular nor in any communication with third parties without prior written approval from the writer.

Interpretation

Unless otherwise stated within the body of the report the following definitions apply:

• “as if complete” valuation means a valuation that assumes the proposed development to be in a completed state as at the date of

valuation and reflects current market conditions at the date of valuation;

• “as is” valuation means a valuation that provides the current market value of the property as it currently exists rather than the value

of the proposed development;

• “professional practice” means the publication as amended from time to time of the Australian Property Institute that contains,

among other items, Practice Standards and Guidance Notes relating to the valuation of the property;

• “proposed development” means any planned development or redevelopment of a property, including building improvements or

modifications, which are proposed, approved or under construction on the property (but does not include a planned development

or redevelopment of a single dwelling residential property for residential use) where the value of the proposed or planned

development will be $50,000 or less when complete.

Valuer’s Liability

It is important to note the valuer’s liability is limited in respect of this valuation.

Other

Any comments in our report are based on observations on site and, where necessary, appropriate verbal enquiries without the

benefit necessarily of searches, surveys etc. An example of this is the valuer does not normally make enquiries in relation to road

widening in every valuation, except where the property is located on a main arterial route or highway, where it is considered likely that

there is current or proposed road widenings that may have some impact on the property and its value. The valuer reserves the right

to review the valuation and the report if the client’s own searches and enquiries reveal contrary conditions or matters not addressed

herein concerning, but not necessarily limited to the following:

• Not subject to flooding or landslip.

• Not affected by main road or other

acquisition.

• No easements of any kind.

• Not adversely affected by rail.

• Not affected by pests.

• Not affected by Heritage issues.

• Not affected by encroachments.

• No environmental hazards.


For Mr John Smith

As At 29 June 2020

Pa

ge1

1

SALES EVIDENCE

1. ADDRESS: 68 Lawler Street, South Perth

SOLD: $1,020,000 DATE OF SALE: June 2020

LAND AREA (approx.): 304m2

IMPROVEMENTS: A two storey rendered brick and tile home comprising four bedrooms and

three bathrooms with double carport, built 1994.

COMMENTS: • Similar age and more conventional style house

• Comparable location and size land

• Lacks features, style and street appeal of the subject

• Lacks city views

• Similar living area

• Inferior internal kitchen, bathrooms and general standard

• Less features

• Shows $3,355 per sqm of land area inclusive of improvements

• Inferior


For Mr John Smith

As At 29 June 2020

Pa

ge1

2

SALES EVIDENCE


SOLD: $1,200,000 DATE OF SALE: May 2020


IMPROVEMENTS: A brick and tile house comprising three bedrooms and two bathrooms with

double garage, built 1991.

COMMENTS: • Slightly larger land area

• Comparable location being an adjoining property with no city views

• Only two storey house rather than three level home

• More conventional and basic style of home with inferior style and street

appeal

• Renovated bathroom and kitchen

• Neatly presented internally although lacking many features as the subject

• Features a below ground rear pool with patio


• Inferior


For Mr John Smith

As At 29 June 2020

Pa

ge1

3

SALES EVIDENCE


SOLD: $1,367,500 DATE OF SALE: April 2020


IMPROVEMENTS: A two storey brick and colorbond house comprising four bedrooms and two

bathrooms with double garage, 255m2, built 1985.

COMMENTS: • Much larger land area

• Similar location

• No river of city views or glimpses

• Modernised internally with modern kitchen and bathrooms

• House is totally renovated both internally and externally

• Backs onto busy Douglas Avenue

• Older sale


• Overall superior


For Mr John Smith

As At 29 June 2020

Pa

ge1

4

SALES EVIDENCE

4. ADDRESS: 125 Douglas Avenue, South Perth

SOLD: $1,250,000 DATE OF SALE: June 2020


IMPROVEMENTS: A two storey brick rendered and tile house comprising five bedrooms and

three bathrooms with double garage, 243m2, built 2015.

COMMENTS: • Similar size land of far inferior location fronting busy Douglas Avenue

• Similar size but newer and more modern home

• Inferior style and street appeal being more conventional

• Has many features with modern standard internally


• Inferior


For Mr John Smith

As At 29 June 2020

Pa

ge1

5

SALES EVIDENCE

5. ADDRESS: 44C Lawler Street, South Perth

SOLD: $1,250,000 DATE OF SALE: May 2020


IMPROVEMENTS: A two storey brick rendered and colorbond home comprising four bedrooms

and two bathrooms with double garage, 247m2, built 2014.

COMMENTS: • Similar land size

• Inferior location in the street with no city views or glimpses

• Newer house of similar living area over only two storeys

• More conventional style house lacking features of the subject

• Modern standard internally with less features


• Inferior


For Mr John Smith

As At 29 June 2020

Pa

ge1

6

Note 1: Unless specified, improved sales are inspected externally and not measured

Note 2 Certain sales information has been obtained from external sources, including RP Data Property Systems and has not

been independently verified

Note 3: Please note that we have valued the property based upon recent comparable sales evidence, and have determined our

assessment accordingly on this basis. However, should interest rates rise or the level of economic activity decline, the

current prices being achieved may not be sustainable. This is a possible risk that needs to be taken into consideration

before acquisition. National Property Valuers may not be held responsible/liable for a down turn in the economic climate

or a decline in property values.

COMPARABLE SALES VALUATION APPROACH

Adopt 304sqm land area @ $4,300 / sqm inc Bldings = $1,307,200

VALUATION say $1,310,000

ANNEXURES

1. Photographs

2. Price Finder Subject Property Profile

3. Zoning Map

4. Confirmation of Valuation Instructions

ANNEXURE 1

PHOTOGRAPHS

Front

Kitchen

Bathroom

Ensuite

Rear Yard

ANNEXURE 2

PRICE FINDER SUBJECT PROPERTY PROFILE

SAMPLE

ANNEXURE 3

ZONING MAPS

SAMPLE

ANNEXURE 4

CONFIRMATION OF VALUATION INSTRUCTIONS

report and valuation - national property valuers...please note: the valuer’s liability is limited...

Documents